The United States has grown into the biggest shale gas producer this decade, and 2019 is its lucky year. Shale gas demand and production has rapidly grown as an available source of natural gas in the country. It was just ten years ago when the United States placed third in the global oil and petroleum …
A Fruitful Decade for US Shale Production | Wibest Broker Read More »
As the market rests and relaxes for the holiday season, oil and petroleum bulls are having their way in the market. Although the emerging markets across the globe are not open today due to Christmas celebrations. Analysts point to trade agreement optimism as the main source of strength for today’s rally. West Texas Intermediate contract …
Oil and Petroleum Futures Sees Gains, Market Stays Calm Read More »
Iran and Saudi Arabia have been long-time rivals. And this year, things just got more complicated. The Iran-Saudi Arabi Proxy Conflict or Iran-Saudi Arabia cold war, as they call it, started when the Iranian Revolution flared up in 1979. On the other side, Saudi Arabia is building up its leadership in the Muslim world by …
The Clash of Middle Eastern Titans: Iran and Saudi Arabia Read More »
Commodities on the market are on the move again thanks to recent news about the US-China trade war. Spot gold prices climb to monthly highs after China criticized the new US interface. The highly volatile metal’s safe-haven appeal is gleaming thanks to the two biggest economies. Aside from that, the holiday sessions – Christmas and …
Spot Gold Prices Rally Ahead of the Holidays | Wibest Read More »
The tensions in the Middle East and the world of crude oil doesn’t only span to Iran and the Persian Gulf. Just recently, a Turkish military drone headed to Northern Cyprus as tensions for gas exploration heightens. With that move, Turkey has pulled the tension strings in the eastern Mediterranean tighter. The unmanned aircraft was …
Turkish Drone Flies to Cyprus, Gas Tension Escalates Read More »
Last week during the OPEC meeting in Vienna, Riyadh’s Energy Minister defended the shale production in the United States. Prince Abdulaziz bin Salman brushed off any rivalry between the US and Saudi Arabia and other established producers. The Saudi Arabian prince and official spoke to the press following the announcement of OPEC’s decision on Friday. …
Saudi Arabia Defends Shale Production in the United States Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDMXN The pair is trading in the green, gathering upward momentum after breaking above both the 50- and 200-day moving average. The pair has experienced a downtrend after its late-August highs, using both the …
Daily Market Charts and Analysis December 02, 2019 Read More »
Oil and petroleum prices go up in today’s trading as traders focus more on trade war news. Oil bulls kickstart the week with a positive tone as they take advantage of the latest news about an agreement. West Texas Intermediate or WTI crude contract went up by 0.36% or 0.21 points this Monday. WTI crude …
Trade War Buoys Oil and Petroleum Prices Today | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDCAD The pair is perking up on the daily charts, recovering from the recent slump and breaking above its tight ranges recorded in October. For fundamentals, the Organization for Economic Cooperation and Development (OECD) …
Daily Market Charts and Analysis November 22, 2019 Read More »
Oil and petroleum contracts went down during this Thursday’s trading after hitting resistance. Despite rallying earlier after the release of the report, prices bounced off their resistance. WTI crude oil contract went down by 0.32% or 0.18 points in today’s trading. WTI crude prices are currently down from $57.01 to $56.83 this Thursday’s sessions. Meanwhile, …
Oil and Petroleum Prices Down Against Small Inventory Build Read More »
The Houthis from Yemen recently seized a vessel that was pulling cargo from Asia in the Red Sea on Sunday. The Saudi-led coalition announced the recent capture on Monday which further escalated the tensions in the Middle East. The recent move by the Yemen-based rebels is seen as a continuation of the drone attacks and …
Houthis Rebel Group Seize an Oil Rig in the Red Sea | Wibest Read More »
Iranian authorities are trying to regulate the crypto mining. On the one hand, Iran wants to boost the local cryptocurrency market. On the other hand, it is trying to expose illegal crypto mining operations in the country. Digital currencies such as Bitcoin, Ethereum and others offer several advantages in comparison with fiat currencies. Iran has …
Iran has to deal with sanctions imposed by the U.S., and this is not an easy task. The oil industry provides the main source of income for the budget. The geopolitical situation in the Middle East is also quite tense. In this situation, it is not surprising that Iran has to come with a plan …
Oil Petroleum prices fell hard during this Monday’s trading sessions. Traders are still not done digesting the increase in US stockpiles reported by the EIA and API last week. The market started the week with a strong hangover from last week’s inventory reports. Unfortunately for traders, OPEC and US-China trade war news also added up …
One country in the Middle East is interested in the cryptocurrency market. This country is the Kingdom of Bahrain. Digital currencies such as Bitcoin, Ethereum, and others are developing around the world. One of the smallest countries in Asia is willing to develop the local crypto market. Across the region, countries are trying to develop …
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